Electric Vehicles Industry News
A collection of Electric Vehicles latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Worldwide, a quarter of new car sales are electric vehicles or hybrids
Many Americans are open to buying an electric or hybrid vehicle the next time they shop for a car. About a third of U.S. adults (32%) say they're very or somewhat likely to seriously consider purchasing an electric vehicle, and 44% say the same…
Ferrari CEO defends $640,000 price tag for its first fully electric car
Ferrari CEO Benedetto Vigna on Thursday said the cost of the manufacturer's new Luce model was a fair price to pay for innovation. 'You have to see Luce to understand that it has nothing to do with Chinese EVs or those by other brands,' Vigna said…
Ferarri Reveals New $640k Electric Car and Everyone Seems to Hate It
Ferrari has revealed its new $640,000 electric car, known as the Luce, and it seems to have significantly harmed the legendary company's reputation. The Italian car company is known for making some of the most revered vehicles in history. The cars…
Ferrari is raking in orders for new $640K electric vehicle despite furor over design, price tag, CEO claims
Ferrari CEO Benedetto Vigna said orders are already rolling in for the $640,000 Luce, the brand's first fully electric vehicle – despite an explosion of criticism attacking the design and exorbitant price tag. “Look at the people…
Ferrari's polarizing new electric Luce is a bet on a huge untapped market
Ferrari's new electric car is off to a bad start in the court of public opinion. The Italian automaker might be more concerned about a market where electric vehicles reign supreme — China. Earlier this week, the internet — and…
Ford's hottest business right now has absolutely nothing to do with cars
Automakers not named Tesla aren't accustomed to dramatic stock spikes, but Ford is on a run of its own right now. Earlier this month, the all-American car company introduced its new venture to sell its batteries to data centers. In the weeks since…
EU heavyweights back industrial accelerator as China shock fears grow
Major EU members offered qualified support for the bloc's flagship industrial plans on Thursday in the first debate over a proposal that has deepened tensions with China. Germany, France, Italy, Spain, the Netherlands and Poland all accepted the…
In Nairobi, passengers queue for cheaper, quieter electric rides
Every evening, Anne Kituku queues at a streetside bus park in central Nairobi, waiting for a bus to take her to her home in the eastern part of the Kenyan capital. Nearby, a rainbow of neon-colored matatus – minibuses – emblazoned…
BYD Debuts China's Most Advanced EV Chip in Smart-Driving Push
BYD Co., the world's largest electric vehicle maker, unveiled a series of technology advances, including what it calls China's first automotive-grade 4-nanometer chip for self-driving cars. The semiconductor breakthrough approaches the lead of…
NHTSA Investigates Rivian Over 2 Reports of Cars Swerving - TT
Rivian R1S electric vehicles at a dealership in south San Francisco. (David Paul Morris/Bloomberg) U.S. regulators opened an investigation into Rivian over a rear suspension part failure that could cause drivers to lose control. Complaints describe…
The world's carmakers are struggling to compete with China
Suranjana TewariAsia Business Correspondent, Beijing and Hefei, China Global carmakers are facing a reckoning as US, European and Japanese brands lose ground to Chinese rivals setting the pace not only in electric vehicles, but also in batteries…
Five cities most affected by new Rachel Reeves' tax fee - full list
Rachel Reeves' new car tax charge could impact motorists in five parts of the UK The five areas most affected by Rachel Reeves' latest car tax move have been revealed, with a London borough coming out on top. From 2028, Reeves has confirmed that…
London's Police Cars Are Going Electric With the Help of AI
Police officers can't be stuck waiting for their black-and-whites to recharge when an emergency call comes in. That urgency makes it especially tricky to transition their fleets away from fossil fuels and the lightning-fast gas fill-ups that get…
Why Ferrari's rocky EV launch may not be the disaster investors fear
Ferrari faced an investor backlash after the unveiling of its new Luce model, its first fully electric car. The company's stock fell 8% on Tuesday, the first trading session after the car was unveiled. Analysts at RBC Capital Markets said, however…
Nio Shares Surge After Launch of China's Biggest Electric SUV
Nio Inc. 's shares surged after the Chinese electric car maker unveiled its six-seat ES9 sport utility vehicle, which the company says is the country's largest electric SUV. The stock jumped as much as 10% in Hong Kong trading Thursday, following a…
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